Will Silver Kill Atlantic Yards?
December 14th, 2006

An editorial in the
New York Post praises the proposed Atlantic Yards development in Brooklyn, says there’s virtually no downside, and little real opposition to it but for a handful of holdouts with personal stakes and misguided, ivory-tower, eminent-domain purists. However, the editorial wonders whether it will be killed by Assembly Speaker Sheldon Silver, who is one of the three voting members of the Public Authorities Control Board, which is slated to give the final approval for the project next week. Tune in next week. And keep your eyes on Silver.

By on December 14, 2006, 10:39 am
In category: Albany,Gotham City,Governing,Land Use | 3 Comments »

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3 Responses to “Will Silver Kill Atlantic Yards?”

  1. ny poster Says:
    December 14th, 2006 at 12:06 pm

    how on earth can you point to an editorial that is completely lacking in honesty and fact?

  2. Norman Oder Says:
    December 14th, 2006 at 12:17 pm

    See response to editorial and some context:

    Post editorial

    There could’ve been a lot more skepticism on the Post editorial page, which endorsed the project in an editorial headlined ATLANTIC YARDS QUESTIONS. The Post used the same figure cited Sunday in the Daily News: $5.6 billion in new tax revenues.

    That figure, apparently provided by Forest City Ratner (and adjusted from a $6 billion overestimate), was contradicted by the original ESDC figure, and further contradicted by the revised ESDC figure. Do the Post editorial writers read their own newspaper?

    (I believe the $5.6 billion figure represents the cumulative value of the projected tax payments, rather than the standard formulation, which uses present value.)

  3. Tom Hughes Says:
    December 15th, 2006 at 2:47 am

    The most important question the editorial brings up is this: if Silver does veto the plan, what kind of animal will the Post photoshop his face onto?

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